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Algarve Insights Blog

With the State Budget 2018, changes may be introduced to the current Non Habitual Residency (NHR) status. With this tax regime, created in 2009, pensions from foreigners, who change their residence to Portugal, become exempt from tax during a period of 10 years. Due to recent criticism from Finland and Sweden, evidencing their indignation towards […]

With the state budget 2017 a new “wealth tax” in the form of an additional tax on higher-value properties, called AIMI (Adicional Imposto Municipal sobre Imóveis) has been created, replacing the existing Stamp Duty (Imposto de Selo) which used to be charged on residential properties or building plots with a fiscal value (VPT – Valor […]